Arbitration refers to a process of settling a dispute without filing a lawsuit or going to court. In many ways, an arbitration proceeding has similarities with a court case as both involve the services of lawyers, an exchange of information, and hearings. After both sides speak, the arbitrator can make their decision.
However, this process is a lot more informal compared to litigation and its procedures are much simpler. In an arbitration case, the parties don’t have that much right to get information or documents from each other. But one important document used here is an arbitration letter or agreement. Click here to read more.